Cial's revenue touches Rs 1,000 crore

Kochi: For the first time, the revenue of Cochin International Airport Limited (Cial) has touched Rs 1,000 crore revenue in the 2023-24 fiscal. The company achieved a total income of Rs 1,014.21 crore, a remarkable increase from the previous year's Rs 770.91 crore revenue. This marks a substantial growth of 31.6% in revenue.The increase in the revenue and profit will fuel Cial's development projects. "Profit before tax surged to Rs 552.37 crore in 2023-24 from Rs 357.30 crore during the previous year, reflecting a significant increase of 54.6%. Additionally, the net profit after tax reached Rs 412.58 crore, a remarkable rise from Rs 267.17 crore in the previous year, indicating robust growth of 54.4%," officials with Cial said.It has already charted out plans for future development, including expanding the international terminal at an estimated cost of Rs 560 crore, constructing a commercial zone at a cost of Rs 162 crore, and extending the domestic terminal.
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